The global sales of Cloud IAM are estimated to be worth USD 6,880.7 million in 2024 and anticipated to reach a value of USD 46,035.6 million by 2034. Sales are projected to rise at a CAGR of 20.9% over the forecast period between 2024 and 2034. The revenue generated by Cloud IAM in 2023 was USD 5,689.7 million. The market is anticipated to exhibit a Y-o-Y growth of 18.6% in 2024.
Cloud IAM, or cloud identity and access management, is a group of practices, rules, and technologies that companies use to control access to their cloud resources and services. It plays a crucial role in cloud security by making sure approved users or organizations can get into cloud-based systems and data.
Companies can use cloud IAM to create and put into action access limits, permissions, and privileges across their cloud setup. It offers a central system to manage user identities, roles, and permissions. This allows admins to give or take away access to specific resources using the principle of least privilege.
Global Cloud IAM Industry Assessment
Attributes | Key Insights |
---|---|
Historical Size, 2023 | USD 5,689.7 million |
Estimated Size, 2024 | USD 6,880.7 million |
Projected Size, 2034 | USD 46,035.6 million |
Value-based CAGR (2024 to 2034) | 20.9% |
The cloud IAM market growing at rapid pace. More companies use cloud services, face strict rules, and need better online security. This makes Cloud IAM more popular. Companies use these tools to keep digital stuff safe, manage users easily, and follow data protection laws.
Big tech giants like Microsoft, IBM, and Oracle lead the market. They offer full IAM packages that use new tech like AI and machine learning. Experts think the market will keep growing. Healthcare, banking, and IT companies are the main ones buying these services.
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The below table presents the expected CAGR for the global Cloud IAM market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the year from 2023 to 2033, the business is predicted to surge at a CAGR of 18.6%, followed by a slightly higher growth rate of 13.8% in the second half (H2) of the same year.
Particular | Value CAGR |
---|---|
H1, 2023 | 18.6% (2023 to 2033) |
H2, 2023 | 18.8% (2023 to 2033) |
H1, 2024 | 20.9%(2024 to 2034) |
H2, 2024 | 21.3% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase slightly to 20.9% in the first half and remain relatively moderate at 21.3% in the second half. In the first half (H1) the market witnessed a decrease of 60 BPS while in the second half (H2), the market witnessed an increase of 50 BPS.
Increasing Collaboration and Remote Workforce will drive the cloud IAM Market.
The cloud IAM industry is growing fast due to more teamwork and remote work. Cloud IAM tools give remote staff, partners, and customers safe access limits faster login, and easier ways to work together. These systems help far-apart teams work well by offering multi-step login, one-click access to many apps, and fine-tuned control over who can do what.
Cloud IAM tools help companies keep tight security while letting remote workers do their jobs as they move to mixed work setups and use more cloud services. Cloud IAM makes it simpler to manage remote access and keeps cloud-based resources safe, private, and working by putting access rules in place handling user identities, and setting limits on what users can do across different cloud platforms and apps.
Increased cloud adoption across the industries
The growing adaption to cloud computing in many industries is driving the Cloud IAM market forward. As companies shift their work to the cloud, they need safe and effective ways to manage identities. This is key to protect important data and follow regulatory rules.
Cloud IAM solutions are scalable, flexible, and offer central control. These features make them crucial for businesses that use multiple cloud systems. Cloud IAM has an impact on how companies handle their cloud operations making them more secure and efficient.
Stringent regulatory compliance requirements
The rollout of tough data protection rules like GDPR, CCPA, and HIPAA has put companies under pressure to put into action strong IAM systems. These systems need to make sure data access is safe and block unauthorized entry. More and more companies are using cloud IAM solutions to meet these rules. These solutions offer advanced ways to check who users are, what they're allowed to do, and keep track of what's happening.
Complex Integration with Legacy Systems
A major hurdle in the Cloud IAM market is the difficulty to integrate cloud-based IAM solutions with existing on-site legacy systems. Many companies still depend on traditional IT setups, and combining these with new Cloud IAM solutions can be tricky and expensive. This combination issue can hold back the uptake of Cloud IAM solutions especially for big businesses with lots of outdated systems.
The global Cloud IAM industry recorded a CAGR of 20.9% during the historical period between 2019 and 2023. The growth of Cloud IAM industry was positive as it reached a value of USD 5,689.7 million in 2023 from USD 2,660.1 million in 2019.
From 2019 to 2023, the global cloud IAM market experienced vigorous growth. This growth had an impact on the wide use of cloud services more cyber threats, and strict rules. Sales of Cloud IAM solutions went up as companies focused on safe identity management to protect their digital assets and follow rules. Looking ahead.
The demand outlook from 2024 to 2034 is likely to be even more attractive. New AI-based security more remote work, and growing cloud systems will keep driving growth. The market is set to see a higher CAGR in this time. This is because more businesses are using Cloud IAM solutions to boost security, make work smoother, and deal with new threats.
IBM, Microsoft, Oracle Corporation, and Intel Corporation are top players in the Cloud IAM market. They have a big market presence, offer many products, and invest a lot in research and development. IBM and Microsoft stand out by providing IAM solutions that work well for big companies in different industries.
Oracle and Intel lead the market with their strong cloud systems and advanced security. These companies use their global reach many customers, and partnerships to keep coming up with new ideas. They offer IAM solutions that use AI and can grow to fit complex setups with multiple clouds.
Broadcom, Secureworks, Inc., Hewlett Packard Enterprise, SailPoint Technologies Holdings, Inc., Okta belong in Tier 2. These companies compete and have made their mark in specific areas of the Cloud IAM market. Broadcom and Hewlett Packard Enterprise provide robust IAM solutions often part of their larger enterprise IT packages.
Secureworks and SailPoint stand out for their focus on cybersecurity and identity governance offering custom solutions that meet specific market needs. Okta is known for its easy-to-use and adaptable IAM platform, which has caught on with medium-sized businesses and groups looking for flexible cloud identity options.
OneLogin, Inc., Ping Identity Dell, DigitalOcean fall into Tier 3. These companies include niche and up-and-coming players that are making progress in the Cloud IAM market by offering new and budget-friendly solutions. OneLogin and Ping Identity aim to make the user experience easier with straightforward, cloud-based IAM services that attract small to mid-sized businesses.
Dell and DigitalOcean, while better known for their work in IT infrastructure and cloud services, are growing their IAM abilities to provide all-in-one solutions for specific customer groups startups and SMEs. These companies are getting a bigger slice of the market by meeting the needs of organizations looking for quick easy-to-set-up IAM solutions.
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The section below covers the industry analysis for the Cloud IAM market for different countries. The market demand analysis on key countries in several countries of the globe, including USA, Germany, Italy, China and India are provided.
The united states is expected to remains at the forefront in North America, with a value share of 68.5% in 2024. In South Asia & Pacific, India is projected to witness a CAGR of 23.5% during the forecasted period.
Countries | Value CAGR (2024 to 2034) |
---|---|
USA | 17.4% |
Germany | 18.4% |
UK | 16.1% |
China | 21.3% |
india | 23.5% |
The rapid tech growth in the USA looks set to boost the Cloud IAM (Identity and Access Management) market. As more companies move to cloud systems and go digital, they need better security. Cloud IAM tools make sure the right people can see sensitive info and use key systems. They offer a safe and quick way to control who gets to use cloud resources.
New advances in AI, machine learning, and biometrics are making Cloud IAM systems much better. These tools now have more complex ways to check who users are and what they can access. Also, as online threats keep getting worse, businesses see how important it is to have strong identity and access management plans to protect their digital stuff.
The growing use of cloud computing in India has an influence on the expansion of the Cloud IAM (Identity and Access Management) market. As more Indian companies use cloud services to run their businesses, they need strong and safe ways to control access to protect their cloud resources and data.
Cloud IAM helps you control user identities, roles, and permissions in one place making sure the right people or groups can use important resources.
Companies in India can adjust to changing business needs and control access to their cloud setup thanks to the ability of cloud-based IAM solutions to grow and change. There's high demand for Cloud IAM in India as companies see the need for strong security and following data protection rules in their cloud setups.
China houses many big companies and global businesses making it an important market for Cloud IAM (Identity and Access Management). As China's economy grows, companies are more and more using cloud tech to help their digital change efforts.
Cloud IAM solutions give a strong base to manage cloud resource access and protect data. With lots of companies and global businesses in China, there's a big need for good identity and access management systems that can handle many different users and tricky access needs. Also, as Chinese firms grow worldwide, Cloud IAM will matter more and more to manage identities and access across many places and cloud setups.
The section contains information about the leading segments in the cloud IAM industry. By application, the home entertainment & multimedia control segment is estimated to grow at a CAGR of 18.3% during the forecasted period. moreover, by solution, the smart home platform segment has holding the share of 59.3% in 2024.
Application | Telecom & IT |
---|---|
Share (2024) | 31.2% |
Cloud Identity and Access Management (IAM) dominates the Telecom & IT market. Its popularity stems from its ability to scale, adapt, offer strong security, and cut down on admin work. This system lets companies control user identities, access rights, and permissions across many systems and apps. This flexibility is key in an industry that changes fast.
Cloud IAM also brings advanced ways to check and authorize users, keeping sensitive data safe and blocking unwanted access. On top of that, it speeds up the process of adding and removing users. It also gives a central point to manage user identities, which boosts productivity and helps meet rules and regulations.
In short, the Telecom & IT field leans towards Cloud IAM because it can grow with the business, has solid security, and makes operations run smoother.
Tools | Small & Mid-Sized Enterprises (SMEs) |
---|---|
CAGR (2024 to 2034) | 23.5% |
Small and Mid-Sized Enterprises (SMEs) dominate the cloud identity and access management (IAM) field for several key reasons. SMEs often work with tight budgets and limited resources so cloud IAM helps them save money compared to traditional on-premises systems.
The pay-as-you-go model of cloud IAM allows SMEs to use top-notch security and identity management features without spending big money upfront on infrastructure or hiring specialized IT staff. Cloud IAM solutions are scalable and flexible, which means SMEs can grow and change their identity management systems without expensive infrastructure upgrades or tricky migrations.
Cloud IAM has an influence on improved security helping SMEs boost their compliance and security abilities. It makes admin tasks easier and operations more productive. Also, SMEs can set up their identity management systems fast because cloud IAM tools are easy to use and don't need much tech know-how.
To quicken adoption and ensure smooth teamwork many cloud IAM platforms now have ready-made links with popular cloud services, work tools, and business apps.
The Cloud IAM market is dominated by key players like Microsoft, IBM, and Oracle, who lead with robust, enterprise-focused solutions. They lead by offering strong, business-focused solutions. Okta and SailPoint are making headway. They provide specialized adaptable IAM services.
Newer companies like OneLogin and Ping Identity target smaller businesses. They focus on easy-to-use affordable platforms. The industry keeps changing. Companies form strategic partnerships and come up with new ideas. They compete for a bigger piece of this fast-growing market.
Recent Industry Developments in Cloud IAM Market
In terms of Solution, the industry is segregated into Cloud IAM Platform and Standalone Software.
In terms of Enterprise Size, the End User is distributed into Small and Medium-sized Enterprises (SMEs) and Large Enterprises.
In terms of Industry, the End User is distributed BFSI, Telecom & IT, Energy and Utilities, Healthcare, Manufacturing, Education, Retail and Others
Key countries of North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & pacific, Middle East and Africa (MEA) have been covered in the report.
The global Cloud IAM industry is projected to witness CAGR of 20.9% between 2024 and 2034.
The global Cloud IAM industry stood at USD 5,689.7 million in 2023.
The global Cloud IAM industry is anticipated to reach USD 46,035.6 million by 2034 end.
East Asia is set to record the highest CAGR of 24.6% in the assessment period.
The key players operating in the global Cloud IAM industry include IBM, Microsoft, Broadcom, Secure works Inc., Oracle Corporation and Intel Corporation and others.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-Economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Solutions 6.2. Enterprise Size 6.3. Industry 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Solutions 7.1. Cloud IAM Platform 7.2. Standalone Software 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Enterprise Size 8.1. Small & Mid-Sized Enterprises (SMEs) 8.2. Large Enterprises 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Industry 9.1. BFSI 9.2. Telecom & IT 9.3. Energy and Utilities 9.4. Healthcare 9.5. Manufacturing 9.6. Education 9.7. Retail 9.8. Others 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. East Asia 10.6. South Asia and Pacific 10.7. Middle East and Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Solutions, Enterprise Size and Industry for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. IBM 20.2. Microsoft 20.3. Broadcom 20.4. Secureworks, Inc. 20.5. Oracle Corporation 20.6. Intel Corporation 20.7. OneLogin, Inc. 20.8. Hewlett Packard Enterprise 20.9. Sailpoint Technologies Holdings, Inc. 20.10. Ping Identity 20.11. Okta 20.12. Dell 20.13. DigitalOcean
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